NIPSCO is a subsidiary of NiSource Inc. (NYSE: NI).

Indiana Crossroads Solar is a 200-megawatt (MW) facility located in White County, which was developed and constructed by EDP Renewables North America (EDPR NA). Company officials report Indiana Crossroads Solar will be a major economic boon to the state and to White County bringing $2.6 million in Economic Development Agreement funds that are available for the county to use for priority projects and other special projects. The solar park is also expected to contribute more than $42 million in property tax payments over the 35-year life of the project, helping to reduce the property tax burden on other families and businesses in White County.

“We are pleased to have completed the Indiana Crossroads Solar Park, which is one of five renewable energy projects EDP Renewables and NIPSCO have collaborated on in Indiana,” said Sandhya Ganapathy, EDP Renewables North America chief executive officer. “Indiana Crossroads Solar is a shining example of how clean energy projects bring investment and economic benefits to Hoosier communities and the state of Indiana while contributing to the energy transition.”

Dunns Bridge I Solar is a 265 MW facility located in Jasper County, near NIPSCO’s R.M. Schahfer Generating Station, which is expected to be retired in 2025. This facility is the first of a two-part solar project. Dunns Bridge II, located in Jasper and Starke counties and currently under construction, is expected to produce 435 MW of solar paired with 75 MW of battery storage.

Dunns Bridge I & II are expected to generate approximately $59 million in additional tax revenue for Jasper and Starke counties over the life of the facility. Learn more about Dunns Bridge I & II at www.DunnsBridgeSolar.com.

Both the Dunns Bridge I and Indiana Crossroads solar projects are partially funded through tax equity investments. By using a tax equity investor that is currently able to utilize the tax benefits more efficiently, along with utilizing tax benefits afforded under the Inflation Reduction Act, NIPSCO is able to provide electricity to customers at a lower cost versus traditional ownership of the projects. NIPSCO evaluates the most efficient use of tax benefits on a project-by-project basis.

NIPSCO’s electric generation transition toward a more balanced and reliable portfolio* – including its plans to retire all its remaining coal-fired units – is driven by real-world data and economics derived from Indiana’s Integrated Resource Plan process and subsequent request for proposals (RFPs). NIPSCO has also performed ongoing analysis of current market conditions and changes in market rules, which support NIPSCO’s current generation transition path. The company plans to be coal-free by 2028, driving a reduction in carbon emissions by more than 90% by 2030, compared to a 2005 baseline.

NIPSCO’s in-service wind projects are performing well, and 100 percent of the excess power sales and renewable energy credit (REC) sales from these existing renewable projects and the company’s existing generation fleet currently goes back to customers, which is nearly $60 million since 2021.

Renewable Project Profile List

The list of projects below was selected following a comprehensive review of bids submitted through all-source RFP processes, and they represent projects that are currently operational or under construction.

• Rosewater Wind Farm – 102 MW of wind, located in White County - (complete)
• Jordan Creek Wind – 400 MW of wind, located in Benton and Warren counties - (complete)
• Indiana Crossroads I Wind – 300 MW of wind, located in White County - (complete)
• Dunns Bridge Solar I – 265 MW of solar, located in Jasper County - (complete)
• Indiana Crossroads Solar – 200 MW of solar, located in White County - (complete)
• Indiana Crossroads II Wind – 204 MW of wind, located in White County - (2023)
• Dunns Bridge Solar II – 435 MW of solar and 75 MW of battery storage, located in Jasper and Starke counties - (2024)
• Cavalry Solar – 200 MW of solar and 60 MW of battery storage, located in White County - (2024)
• Fairbanks Solar – 250 MW of solar, located in Sullivan County - (2025)

As previously announced, NIPSCO is working with developers on other wind, solar and battery storage projects in various stages of development. For those projects not already approved, NIPSCO has requested to add those projects to its supply portfolio in filings with the Indiana Utility Regulatory Commission (IURC).

Learn about NIPSCO’s “Your Energy, Your Future” plans and the latest information at NIPSCO.com/future.

*NIPSCO may sell in the future and has previously sold the Renewable Energy Credits from this generation to a third party because this helps keep our energy more affordable for our customers.

About NIPSCO: Northern Indiana Public Service Company LLC (NIPSCO), with headquarters in Merrillville, Ind., has proudly served the energy needs of northern Indiana for more than 100 years. As Indiana’s largest natural gas distribution company and the second-largest electric distribution company, NIPSCO serves approximately 850,000 natural gas and 483,000 electric customers across 32 counties. NIPSCO is part of NiSource’s (NYSE: NI) six regulated utility companies. NiSource is one of the largest fully regulated utility companies in the United States, serving approximately 3.7 million natural gas and electric customers through its local Columbia Gas and NIPSCO brands. More information about NIPSCO and NiSource is available at NIPSCO.com and NiSource.com.

About NiSource: NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,200 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com. NI-F